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Results tagged with panel-data
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user 71674
Panel data refers to multi-dimensional data frequently involving measurements over time in econometrics. It is also called longitudinal data in biostatistics.
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How to decide on the clustering of standard errors? (region- vs. country-level)
Cameron Trivedi (2005) (Microeconometrics: Methods and Applications) on p.834 give a very informative description of the variance estimator when using clustered errors for a linear model:
$$\widehat{ …
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